Re: valencia set to make profit next year

by Brigate Rossonere Sat Jun 18, 2011 4:52 pm

there is a set deal with bancaja to turn over the stadium if we don't find another buyer... and yes, the deal is set, it was supposed to happen this summer but the board decided to take the chance of one more year of finding a buyer

Can you link me with some credible webpages with some more information on this? I have never even heard of this let alone read into it. It sounds really interesting.

by Guest Sat Jun 18, 2011 5:07 pm

We have just agreed a friendly with Valencia at Anfield.

looks like Comolli activated the "arrange friendly" option in FM2011 when offering a deal to Valencia for Mata :coffee:

by che Sat Jun 18, 2011 5:36 pm

Brigate Rossonere wrote:

Can you link me with some credible webpages with some more information on this? I have never even heard of this let alone read into it. It sounds really interesting.

http://valenciacf.lasprovincias.es/noticias/2011-03-23/bankia-aplazara-hipoteca-valencia-20110323.html

by iftikhar Sat Jun 18, 2011 6:10 pm

@ Brigate,

1. While your Income Statement may show profit (excess funds) even after debt repayments, the Balance Sheet will still carry a big Account Payable (Debt).

So every year funds will be used to chip that away while making profit.

2. Valencia is not in the same class as the teams you mentioned. Teams like OL, OM, Spurs, Hamburg or even Villa & Fulham generate more revenue.

It's no secret that a team like Valencia should be earning more.

by Guest Sat Jun 18, 2011 6:13 pm

Valencia had a friendly with City last summer as part of the David Silva deal...just saying :coffee:

sorry for being such a pain in the ass CHE, I am in an optimistic mood today Smile

by bloodless Sat Jun 18, 2011 9:06 pm

che wrote:original source

http://mas.levante-emv.com/canales/valenciacf/mostrar-todas-las-noticias/186-noticias/1493-el-valencia-cuadra-la-caja.html

and a nice article

In the past two years, president Manuel Llorente, along with vice president Javier Gómez, have led a staggering turnaround at Valencia, taking the club from the verge of bankruptcy to profitability.

It was just over two years ago when it was announced the club was ending the 2008/2009 financial year with a loss of €72 million. The year before that the club had lost €57 million. This was during the reign of Juan Soler and Vicente Soriano (as well as the still confusing involvement of Dalport Investments).

Llorente took over the club in June 2009, and since then, the club's debt was gone from €547 million to €370 million.

Not only that, but it seems that the club will make a profit this financial year (2010/2011), reaching a surplus of €4 million.

The club has been able to do this mainly through selling big name players (David Villa and David Silva, amongst others), but also by reducing the wages of the squad, from €122 million per season to €78 million per season.

And while all of this has been going on, VCF has managed back-to-back third place finishes in the league.

i realise there's a vcf thread somewhere in the abyss of the forum but just to spoil the fun of liverpool fans who think they're getting mata for cheap etc...

dude u missed something clearly in article...if u did not sell villa and david silva in one summer...u wud be havin a loss of over 50 million :O

by Yuri Yukuv Sat Jun 18, 2011 9:14 pm

Net Income of 4 million over 370 is really not so good. Especially knowing that 70 Million of revenue has been generated through selling assets (Villa and Silva)

by che Sun Jun 19, 2011 3:12 am

do you people even bother to read the thread?

financial year for football clubs starts in SEPTEMBER, last summer's transfer income isn't included in this year's income statement

by punkfusion1992 Sun Jun 19, 2011 3:24 am

Unai Emery ftw....
one of the best managers in Laliga atm
him Garcia and Garrido all are beasts

by bloodless Sun Jun 19, 2011 3:24 am

che wrote:do you people even bother to read the thread?

financial year for football clubs starts in SEPTEMBER, last summer's transfer income isn't included in this year's income statement

please stop pulling stuff up ur arse...i know arsenal's definitely doesnt start in september...if valencia's financial yr starts in september they will not be releasing there year ends result in june...u know tht finances don't take a summer break too :S

by che Sun Jun 19, 2011 3:29 am

"set to make profit" =/= "made profit" :coffee:

by Art Morte Sun Jun 19, 2011 8:40 am

che wrote:do you people even bother to read the thread?

financial year for football clubs starts in SEPTEMBER, last summer's transfer income isn't included in this year's income statement

It varies a little, but most clubs' financial years start either in June or July. Valencia's could start in september, I dunno. Well, anyway, Valencia's accurate financial figures would be interesting to see, they've been doing good job in the last few years, remaining in top 5 of La Liga even under that debt mountain.

by mr-r34 Sun Jun 19, 2011 9:35 am

Wow

The club has been able to do this mainly through selling big name players (David Villa and David Silva, amongst others),

lol

4 million dw only 366 to go.

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